Todays' smart retail environment needs a network strategy that includes secure IoT connectivity. Smart PoS connectivity helps to react quicker to change of expectation and increased competition. Therefore, to survive, businesses have to adapt to latest technology, utilizing the PoS connectivity.
Basic wired PoS Systems can no longer cut it, and even Wi-Fi has its disadvantages. As a result, issues with broadband speeds and security problems lead to system loses and the ability to process transactions. Furthermore, some PoS systems may also lose the ability to verify check payments.
PoS Connectivity Challenges
- Inconvenient transaction: PoS failure means customers need to withdraw cash to complete payment.
- Low business efficiency: Poor network connectivity causes delays and errors on transactions.
- Unhappy customers: Slow payment increases customers waiting time at the counter.
- Vulnerable Security: PoS failure increases data loss and customer info leakage.
Point of Sale (PoS) needs high data IoT connectivity
Point of Sale (POS) devices are no longer used as payment processing tools. Most noteworthly, they have evolved into databases for valuable customer information and retail insights.
The rapid growth of online, mobile commerce and connected PoS options need larger databases. Furthermore, they drive inventory management, supply chain management and customer relationship management. Also, Big Data analytics for targeted marketing and sales campaigns.
The key to meeting these challenges is utilizing high-speed IoT connectivity. Consequently, this means using 4G LTE cellular as part of your PoS connectivity strategy to cope with demand.
Using 4G LTE cellular for your PoS connectivity network can make a real difference. Therefore meeting the challenge by providing real-time, secure transaction of financial and personal data.
How can Smart Retail benefits for High Data Connectivity
Smart retail use Point of Sale (PoS) as a smart and efficient retail solution. As a result of these smart retail tools and management, high data connectivity can take the business to new level.
Most noteworthy, high data connectivity ensures reliable and secure real-time transactions. As a result, it enables both financial and personal data, and capturing backend customer data.
Transaction processing time is quicker, with fewer customers waiting at the checkout counter. Consequently increasing customer satisfaction and improved business efficiency help to boost sales.
Furthermore, retail productivity is also enhanced with multi-locations interconnecting with each other. As a result, enhancing productivity and meeting shoppers expectations set by smart technologies.
Find out more about why Point of Sale (PoS) needs High Data Connectivity for business success
Download your free copy of the Point of Sale (PoS) Infographic
Do you have any other questions about our IoT Platform for Point of Sale (PoS) applications? Please feel free to contact us to find out more.